SMALL BALANCE LOAN

JLJ offers financing for commercial projects and other real estate opportunities based on an evaluation of the borrower or broker’s business proposal/project summary, including a general valuation of the real estate. Interest rates will be determined on a case-by-case basis, based on risk.

Bridge

Bridge

LOAN TYPE

Small Balance Program

LOAN AMOUNT

$1,000,000 - $10,000,000

TERM

1 - 24 months with extension options

INTEREST RATE

LIBOR plus 5.5% - 8%
8% fixed and up

LOAN TO VALUE

Up to 80%

LOAN TO COST

Up to 80%

PROPERTY COST

Multifamily apartment buildings (Typically Class A or B and possibly C with Rehab advance); Mixed use with no greater than 50% commercial space; Condominium buildings on a case-by-case basis.